Food Lion 2012 Annual Report Download - page 163

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DELHAIZE GROUP FINANCIAL STATEMENTS ’12 // 161
Report of the Statutory Auditor
Delhaize Brothers and co “The Lion” (Delhaize Group) SA/NV
Statutory auditor’s report to the shareholders meeting on the consolidated financial
statements for the year ended December 31, 2012
To the shareholders
As required by law, we report to you on the statutory audit mandate which you have entrusted to us. This report includes our
report on the consolidated financial statements as defined below together with our report on other legal and regulatory
requirements.
Report on the consolidated financial statements
We have audited the accompanying consolidated financial statements of Delhaize Brothers and Co “The Lion” (Delhaize Group)
SA (“the company”) and its subsidiaries (jointly “the group”), prepared in accordance with International Financial Reporting
Standards as adopted by the European Union and with the legal and regulatory requirements applicable in Belgium. These
consolidated financial statements comprise the consolidated balance sheet as at December 31, 2012, the consolidated income
statement, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the
consolidated statement of cash flows for the year then ended, as well as the summary of significant accounting policies and other
explanatory notes. The consolidated statement of financial position shows total assets of €11 936 million and the consolidated
income statement shows a consolidated profit (group share) for the year then ended of €105 million.
Responsibility of the board of directors for the preparation of the consolidated financial statements
The board of directors is responsible for the preparation and fair presentation of these consolidated financial statements in
accordance with International Financial Reporting Standards as adopted by the European Union and with the legal and
regulatory requirements applicable in Belgium, and for such internal control as the board of directors determines is necessary to
enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or
error.
Statutory auditor’s responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our
audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial
statements. The procedures selected depend on the statutory auditor’s judgment, including the assessment of the risks of
material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments,
the auditor considers internal control relevant to the group’s preparation and fair presentation of the consolidated financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the group’s internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by the board of directors, as well as evaluating
the overall presentation of the consolidated financial statements. We have obtained from the company’s officials and the board of
directors the explanations and information necessary for performing our audit.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Unqualified opinion
In our opinion, the consolidated financial statements of Delhaize Brothers and Co “The Lion” (Delhaize Group) SA give a true and
fair view of the group’s net equity and financial position as of December 31, 2012, and of its results and its cash flows for the year
then ended, in accordance with International Financial Reporting Standards as adopted by the European Union and with the
legal and regulatory requirements applicable in Belgium.